Daily limit: 0/10
Brisky Net Lease Brokers $3.6M Sale Of Retail Property In Portage, WI
SOLD
$3,600,000
Wisconsin
See Similar DealsRetail
Sold 06/18/2024
SOLD
Brisky Net Lease Brokers $3.6M Sale Of Retail Property In Portage, WI
2915 New Pinery Road
See Similar DealsRetail
Sold 06/18/2024
Summary
WISCONSIN
Asset Type:Retail
Transaction Type:Sale
The retail property at 2915 New Pinery Road in Portage, WI, was sold for $3,600,000 on 06/18/2024. The property, a single-tenant, net-leased grocery asset occupied by Festival Foods, was part of a transaction brokered by Brian Brisky from Brisky Net Lease. The sale involved the transfer of ownership from one REIT to another.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Address: 2915 New Pinery Road
- Market: Portage, WI
- Broker: Brian Brisky - Brisky Net Lease
The transaction was facilitated by Brian Brisky of Brisky Net Lease, who represented the parties involved in the sale of the Festival Foods-occupied retail property. The transfer of ownership from one REIT to another underscores the strategic investment decisions made within the commercial real estate market in Portage, WI.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
Is there something missing? Send suggestions